Grace Haven Biblical Renewalministries Inc

Grace Haven Biblical Renewalministries Inc consistently reports 0% officer compensation but has recently operated at a deficit.

EIN: 205339412 · Millersburg, IN · NTEE: X99 · Updated: 2026-03-28

$363KRevenue

$469KAssets

85/100Mission Score (Excellent)

X99

About Grace Haven Biblical Renewalministries Inc

Grace Haven Biblical Renewalministries Inc (EIN: 205339412) is a nonprofit organization based in Millersburg, IN, classified under NTEE code X99. The organization reported total revenue of $363K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Haven Biblical Renewalministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Grace Haven Biblical Renewalministries Inc demonstrates a consistent operational history with 15 filings, indicating a stable presence. However, recent financial periods show a trend of expenses exceeding revenue. For example, in 202403, expenses were $345,493 against revenues of $299,479, and in 202303, expenses were $320,445 against revenues of $256,992. This suggests the organization is drawing down on its assets or relying on prior surpluses to cover current operations. While the organization's assets have fluctuated, they remain substantial relative to its annual revenue, with $469,048 in assets against $363,127 in latest revenue. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances trust and suggests a volunteer-driven or very lean leadership structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grace Haven Biblical Renewalministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Grace Haven Biblical Renewalministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size with annual revenues in the hundreds of thousands, suggesting a volunteer-led model or that compensation is covered by an external entity.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Grace Haven Biblical Renewalministries Inc's IRS 990 filings:

Recent trend of expenses exceeding revenue (e.g., $345,493 expenses vs. $299,479 revenue in 202403)
Fluctuating revenue streams, making financial planning potentially challenging (e.g., $529,580 in 202203 down to $299,479 in 202403)

Strengths

The following positive indicators were identified for Grace Haven Biblical Renewalministries Inc:

Consistent reporting of 0% officer compensation, indicating high financial transparency and dedication to mission
Low liabilities relative to assets, suggesting good financial management and solvency
Long history of IRS 990 filings (15 filings), demonstrating consistent compliance and operational stability
Substantial assets ($469,048) relative to annual revenue, providing a financial cushion

Frequently Asked Questions about Grace Haven Biblical Renewalministries Inc

Is Grace Haven Biblical Renewalministries Inc financially sustainable given recent deficits?

The organization has experienced deficits in the last two reported periods (202403 and 202303), with expenses exceeding revenue. While its assets of $469,048 provide a buffer, sustained deficits could impact long-term financial health if not addressed.

How does the 0% officer compensation impact the organization's operations?

The consistent 0% officer compensation suggests a highly volunteer-driven leadership or that key personnel are compensated through other means. This practice can maximize funds for programs but might also pose challenges in attracting and retaining professional leadership without direct compensation.

What is the trend in the organization's assets and liabilities?

Assets have fluctuated, peaking at $619,540 in 202203 and currently at $469,048. Liabilities have remained relatively low, indicating good financial control, with the highest reported at $33,700 in 202103 and currently at $9,581.

Filing History

IRS 990 filing history for Grace Haven Biblical Renewalministries Inc showing financial trends over 15 years of public records:

Over 15 years of IRS 990 filings (2009–2024), Grace Haven Biblical Renewalministries Inc's revenue has grown by 209.3%, moving from $97K to $299K. Total assets increased by 283.1% over the same period, from $134K to $513K. Total functional expenses rose by 245.3%, from $100K to $345K. In its most recent filing year (2024), Grace Haven Biblical Renewalministries Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $10K in liabilities against $513K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $503K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$299K	$345K	$513K	$10K	—	—
2023	$257K	$320K	$560K	$11K	—	View 990
2022	$530K	$305K	$620K	$7K	—	View 990
2021	$362K	$217K	$422K	$34K	—	View 990
2020	$211K	$237K	$257K	$14K	—	View 990
2019	$201K	$172K	$284K	$0	—	View 990
2018	$156K	$165K	$255K	$0	—	View 990
2017	$247K	$163K	$264K	$0	—	View 990
2016	$138K	$136K	$236K	$0	—	View 990
2015	$151K	$119K	$233K	$117	—	View 990
2014	$118K	$114K	$199K	$-531	—	—
2013	$143K	$116K	$196K	$0	—	—
2012	$150K	$127K	$169K	$0	—	—
2011	$137K	$119K	$147K	$1K	—	—
2009	$97K	$100K	$134K	$1K	—	—

Year-by-Year Financial Summary

2024: Revenue of $299K, expenses of $345K, and assets of $513K (revenue +16.5% year-over-year).
2023: Revenue of $257K, expenses of $320K, and assets of $560K (revenue -51.5% year-over-year).
2022: Revenue of $530K, expenses of $305K, and assets of $620K (revenue +46.5% year-over-year).
2021: Revenue of $362K, expenses of $217K, and assets of $422K (revenue +71.0% year-over-year).
2020: Revenue of $211K, expenses of $237K, and assets of $257K (revenue +5.2% year-over-year).
2019: Revenue of $201K, expenses of $172K, and assets of $284K (revenue +28.7% year-over-year).
2018: Revenue of $156K, expenses of $165K, and assets of $255K (revenue -36.9% year-over-year).
2017: Revenue of $247K, expenses of $163K, and assets of $264K (revenue +79.3% year-over-year).
2016: Revenue of $138K, expenses of $136K, and assets of $236K (revenue -8.5% year-over-year).
2015: Revenue of $151K, expenses of $119K, and assets of $233K (revenue +28.0% year-over-year).
2014: Revenue of $118K, expenses of $114K, and assets of $199K (revenue -17.7% year-over-year).
2013: Revenue of $143K, expenses of $116K, and assets of $196K (revenue -4.7% year-over-year).
2012: Revenue of $150K, expenses of $127K, and assets of $169K (revenue +9.7% year-over-year).
2011: Revenue of $137K, expenses of $119K, and assets of $147K (revenue +41.5% year-over-year).
2009: Revenue of $97K, expenses of $100K, and assets of $134K.

Data Sources and Methodology

This transparency report for Grace Haven Biblical Renewalministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.